SEPA - Whats Next?

How to best adopt to the changeover

The migration to SEPA brings with it several advantages. The more efficient and standardised payment transaction process offers significant savings potential in both time and money.

By converting to SEPA, you can use the opportunity to examine your existing business processes and optimise them, and refine your databases whilst taking advantage of new payment transaction instruments.

With the transition to SEPA, companies initially face a number of challenges. Is our system technically capable of the transition? Which systems will be affected? What processes need to be changed? Which internal obstacles may we face?

A detailed impact analysis of affected applications and the system in general is recommended. This results in the better identification of your options, opportunities for improvement and the implications for your data management and your system. Now you know what you’ll need to effectively plan and implement the project.